451 Research: CDNetworks Boosts Logo Bookings
451 Research included CDNetworks in the Daily T1R CDN Wins article…
CDNetworks boost logo bookings
CDNetworks is expected to grow revenues 10-15% this year after a flat 2011. CDNetworks provided some backing for the growth, saying that new bookings have tripled on a Y/Y basis, and revenues and operating profit reached new highs for the company. (CDNetworks is no longer a publicly traded company, and did not announce specific revenue targets). Executives did note that China is a significant source of revenue growth, with 21% of new customers in the luxury consumer goods, travel and a global investment/online trading bank are using the firm’s services in China, while existing customers like HighQ have added delivery into China as a service to their contracts.